RE/MAX Oceanview Realty    5686 Cowrie St.

Kiosk, Trail Bay Mall

Weekly REPORT  Nov. 26 - Dec. 2, 2013   

Current mortgage rates remain at historically low levels - around 3.5% for a 1 – 2 year term. Real estate prices have also moderated. Buyers, especially first time buyers and investors, find themselves in a great position, as mortgage payments for entry level homes are close to monthly rent. Statistics tell us that the 30 year average for mortgage rates is about 8%. Rates will rebound at some point and this unusual coincidence of low rates and low prices will end. When you consider that there is currently also a good selection of listings you can see why we think it’s a great time to buy.

ACCESS TO LISTINGS CLICK ON     http://www.remaxoceanview.com

 SALES THIS WEEK:  12  [SUNSHINE  COAST, ALL OFFICES]

PRICE RANGE

AREA

 NEW LISTINGS THIS WEEK: 35                 PRICE REDUCTIONS

CURRENT LISTINGS:  1068

DET’D  SALES to LIST  RATIO*:    =  4.6%  [ADADDD

                   0%                        15%                22%

*The Sales/Listings Ratio is a guide to market conditions. 4 weeks det’d sales/current det’d inventory. A value below 15 favours buyers. 15 – 22 reflects a balanced market, and over 22 favours sellers.